Blair William & Co. IL Purchases 4,005 Shares of Carrier Global Corporation (NYSE:CARR)

Key Points

• Blair William & Co. IL increased its stake in Carrier Global Corporation by 2.6%, bringing their total holdings to 155,521 shares valued at approximately $9.86 million.
• Carrier Global recently declared a quarterly dividend of $0.225 to be paid on August 8th, resulting in an annualized dividend yield of 1.4%.
• Analysts have a consensus rating of "Moderate Buy" for Carrier Global, with a price target averaging around $84.47 as several firms adjust their ratings and price targets.

Blair William & Co. IL lifted its stake in Carrier Global Corporation (NYSE:CARR - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 155,521 shares of the company's stock after buying an additional 4,005 shares during the period. Blair William & Co. IL's holdings in Carrier Global were worth $9,860,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CARR. Park Square Financial Group LLC purchased a new position in Carrier Global during the 4th quarter valued at about $28,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Carrier Global in the 1st quarter worth approximately $29,000. Mattson Financial Services LLC purchased a new position in shares of Carrier Global during the fourth quarter valued at approximately $31,000. Mascagni Wealth Management Inc. bought a new position in shares of Carrier Global during the fourth quarter valued at approximately $35,000. Finally, Transce3nd LLC purchased a new stake in Carrier Global in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Insider Buying and Selling

In other news, Director Maximilian Viessmann sold 4,267,425 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total value of $299,999,977.50. Following the completion of the transaction, the director owned 54,341,534 shares in the company, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 7.20% of the company's stock.

Carrier Global Stock Down 0.5%

Shares of CARR traded down $0.31 during trading hours on Friday, hitting $66.05. The company had a trading volume of 3,321,078 shares, compared to its average volume of 5,148,879. The firm has a fifty day moving average price of $72.94 and a 200-day moving average price of $68.24. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. The stock has a market capitalization of $56.21 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of 1.82 and a beta of 1.25. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. The firm had revenue of $6.11 billion during the quarter, compared to analyst estimates of $6.08 billion. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. On average, equities research analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 21st will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, July 21st. Carrier Global's dividend payout ratio (DPR) is currently 19.61%.

Analyst Ratings Changes

A number of brokerages have issued reports on CARR. Robert W. Baird reduced their price objective on shares of Carrier Global from $85.00 to $84.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. Mizuho set a $72.00 price target on shares of Carrier Global in a research report on Tuesday, April 22nd. Citigroup reiterated a "buy" rating and set a $89.00 price target (up previously from $82.00) on shares of Carrier Global in a research report on Monday, July 14th. Barclays reduced their price target on shares of Carrier Global from $84.00 to $82.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $79.00 price target on shares of Carrier Global in a research report on Tuesday, July 15th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $84.47.

About Carrier Global

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.